Tencent steps up AI infrastructure spending as compute costs cut into near-term profit

DIGITIMESAugust 13, 2026en

Tencent Holdings reported second-quarter 2026 revenue of CNY204.8 billion (US$30.30 billion), up 11% year-on-year, as it sharply increased artificial intelligence (AI) infrastructure spending. Management said on the company's August 12 earnings call that the spending is weighing on near-term earnings but is intended to build a "large and valuable AI-native new business."

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